CH NEWS
Authorities have apprehended five individuals involved in a counterfeit currency racket, with a haul of fake notes worth Rs 30,91,60,000 seized from their possession.
The scam unfolded through a complex scheme wherein the accused deceived victims by falsely claiming to possess Rs 100 crore in black money. Under the guise of facilitating transactions between companies, the perpetrators promised substantial returns in exchange for cash payments.
According to the complaint, the accused demanded an advance payment of Rs 25 lakhs to demonstrate the alleged black money through a video call. Upon investigation, suspicions were raised regarding the authenticity of the transaction, leading to the registration of a case at the CCB Police Station, Central Crime Division, on April 1, 2024.
The diligent efforts of the Women’s Protection Squad of the Central Crime Branch resulted in the swift arrest of the suspects. Following their interrogation, the accused were taken into custody and charged with fraud and possession of counterfeit currency.
In a subsequent search of the accused’s residence and office, genuine notes worth Rs 23,49,800 were recovered, indicating fraudulent acquisition from the public. Authorities suspect that the accused may have defrauded other individuals and urge potential victims to come forward and contact the Women’s Protection Squad of the Central Apara Division.
